Garuda Construction and Engineering IPO Allotment Status

11 Oct 2024 , 10:38 AM

The IPO of Garuda Construction and Engineering has garnered a moderate response from investors, achieving a subscription rate of 7.55 times as of October 10, 2024, at 5:11 PM (Day 3). The company has successfully raised ₹264.10 crore from the IPO, which comprises a fresh issue of equity shares valued at ₹173.85 crore and an offer-for-sale amounting to ₹90.25 crore.

The company will use net proceeds from the IPO towards working capital requirements and other general corporate purposes as well as unidentified inorganic acquisitions.

Garuda Construction and Engineering IPO Timeline:

Garuda Construction and Engineering IPO Open Date	Tuesday, October 8, 2024
Garuda Construction and Engineering IPO Close Date	Thursday, October 10, 2024
Garuda Construction and Engineering Basis of Allotment	Friday, October 11, 2024
Garuda Construction and Engineering Initiation of Refunds	Monday, October 14, 2024
Garuda Construction and Engineering Credit of Shares to Demat	Monday, October 14, 2024
Garuda Construction and Engineering Listing Date	Tuesday, October 15, 2024

 

Garuda Construction and Engineering IPO Subscription status:

Date	QIB	NII	Retail	Total
Day 1 October 8, 2024	0.02	1.11	3.52	1.96
Day 2 October 9, 2024	0.91	2.59	6.76	4.12
Day 3 October 10, 2024	1.24	9.03	10.81	7.55

 

How to Check Garuda Construction and Engineering IPO Allotment Status:

Investors who have applied for the Garuda Construction and Engineering IPO can track the allotment status through the Bombay Stock Exchange (BSE) or National Stock Exchange (NSE) websites. Here’s how:

Steps to check on BSE:

1. Visit the official BSE website at https://www.bseindia.com/investors/appli_check.aspx.
2. From the “Issue Type” dropdown, select “Equity.”
3. Choose “Garuda Construction and Engineering Limited” from the “Issue Name” dropdown.
4. Enter your application number and PAN ID.
5. Complete the captcha by clicking ‘I am not a robot’ and then press “Search.”

How to Check IPO Allotment Status in Your Bank Account:

1. Log in to your bank’s internet banking portal or mobile app.
2. Navigate to the “IPO Services” or “Application Status” section.
3. Input your PAN, application number, or other relevant details.
4. Once submitted, the status of your IPO allotment, including the number of shares allocated, should be displayed.
5. For accuracy, you can cross-check with the IPO Registrar.

How to Check IPO Allotment Status in a Demat Account:

1. Log into your Demat account via your depository participant’s (DP) mobile app or website.
2. Go to the “IPO” or “Portfolio” section.
3. Check whether the allotted shares are reflected in your Demat account.
4. If shares aren’t visible, visit the Registrar’s website and enter your application details to verify the allotment.
5. For any discrepancies, reach out to your DP’s customer service for assistance.

How to Check Garuda Construction and Engineering IPO Allotment Status on Registrar Website:

1. Visit website of IPO Registrar, Link Intime India Pvt Ltd. https://linkintime.co.in/
2. Click on “Public Issue” at the Homepage.
3. You will be redirected to the IPO allotment page.
4. Select the name of the company in which you have applied for the IPO.
5. Select any one of “Application number”, “Beneficiary ID” or “PAN Number”.
6. Enter the details of your selection.
7. Click on “Submit”.

 

About the Garuda Construction and Engineering IPO

The IPO of Garuda Construction and Engineering Limited was opened for subscription from October 08 to October 10, 2024. Investors were allowed to apply in shares in a lot of 157 shares at an issue price of ₹90-95 apiece.

Corpwis Advisors Private Limited is the book-running lead manager for the Garuda Construction and Engineering IPO.